Tesla Chief Executive Officer Elon Musk admitted late on Monday there was a braking issue with the Model 3 sedan, pointed out by Consumer Reports, and said it can be fixed with a firmware update that the electric car maker will be rolling out in a few days.

Electric carmaker Tesla has seen a number of its vehicles catch fire in the past five years. The latest fire involves a 2014 Tesla Model S immediately igniting after a high-speed crash. Two teenagers died. Here is a list of known incidents of Tesla vehicles catching fire since 2013:

General Motors' planned $3.6 billion cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank (KDB) will receive preference shares for its $750 million investment in GM Korea, two sources familiar with the matter said on Wednesday.

Tesla will attempt to ramp up production to 6,000 Model 3 cars per week by the end of June to reach its weekly goal of 5,000 and allow for a margin of error, Electrek reported, citing a letter to employees from Chief Executive Elon Musk.

Ford, struggling to revive sales in China, on Tuesday unveiled five new models for the world's biggest auto market, part of a business revitalization effort centered around a plan to launch over 50 new or redesigned vehicles by 2025.

Last month, we reported on a VIN filing dug up by Road & Track that showed that the 2019 Mazda MX-5 Miata's 2.0-liter Skyactiv-G engine would get a power bump, from 155 to 181 net horsepower. As for how the 2019 Miata would make that extra power, we heard rumors it'd utilize a new cylinder head allowing higher revs, accounting for that extra power. Now we have what appears to be a leaked document from Mazda Canada showing exactly where that extra power comes from.

South Korea on Friday urged General Motors' local subsidiary and labor union to reach a wage deal swiftly, after the automaker failed to make bonus payments — and triggered a violent protest in which workers ransacked GM's executive offices.

In recent days and weeks, Tesla shares have seen some of their lowest prices in since they first surpassed $300 a year ago. Ahead of the announcement of the company's first-quarter production figures, amidst a Moody's downgrade, the price took a hit. The news of a fatal Autopilot crash in a Model X didn't help. Neither did the continuing and increasing tensions over a possible trade war between the U.S. and China, which has the potential to be particularly burdensome to American automakers &mdas

German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the United States as a result of Washington's growing trade tensions with China. Beijing's proposed 25 percent tax on U.S. car factory exports will hit nearly 270,000 vehicles, with German carmakers accounting for $7 billion of the $11 billion total.

The Trump administration's rejection on Monday of an Obama-era plan to make automobiles more fuel efficient opens up a long process to weaken current standards and puts California and the federal government on a collision course over vehicle emissions.

The U.S. National Transportation Safety Board said on Sunday it was "unhappy" that electric car maker Tesla made public information about the crash of its Model X vehicle on Autopilot that killed the driver last month.

But shares are still down 12 percent, company's worst week in 9 months

Tesla shares rose on Thursday ahead of the expected release next week of the company's quarterly auto production data, while a senior executive urged workers at the automaker to hit a weekly production target of 2,500 Model 3 sedans by the end of March.

The 2019 GMC Sierra AT4 proves that GM's upmarket truck and SUV brand is getting serious about offering rough-and-tumble capability to rival the Ford F-150, Toyota Tundra, Ram 1500 and Nissan Titan. Until the Sierra AT4 rolled onstage at a media event in lower Manhattan, prior to this year's New York Auto Show, the GMC brand had been more focused on luxury touches like fancy chrome wheels and posh interiors — no surprise, considering the upscale SLT and Denali trim levels account for the v

NEW YORK — Tesla Inc shares fell more than 9 percent on Wednesday following a downgrade by Moody's Investors Service, a probe by the National Transportation Safety Board of a recent fatal crash and concerns about Model 3 production.

The death of a pedestrian hit by a self-driving Uber vehicle in Arizona this week could offer a test of who can be held legally responsible for accidents when a human is no longer at the wheel, legal experts said.

With bill before Congress, how will policymakers and the public react?

The death of a woman in Arizona struck by a self-driving car with no human control, the first fatality involving a fully autonomous vehicle, is an event the nascent industry has long dreaded and comes at a sensitive time.

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